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1641 Downtown W Blvd, Knoxville, TN, 37919

SmartStop Self Storage (Managed)

$4,300,000

Key Information

Cap Rate
6.5%
Tot. SF
39,054
Lot Size
1.84 Acres
Units
276
Year Built
1984
Type
Self Storage
Occupancy
83%
NOI
$278,981

Highlights

•Highly affluent population surrounding the facility with over $115k in average household incomes in a 5-mile radius

• $100k+ in revenue upside upon completion of roof work and getting 45 down-units back online

• Strong population growth projected at 2% in a 1-mile and 1.80% in a 3-mile and 5-mile radius

• 99% occupancy for the units that are online and available

• Desirable West Knoxville sub-market, with ±25,990 VPD passing by the site

• No self-storage developments planned within the 5-mile trade area (according to TractIQ)

• 2025 population of ±71,018 (3-mile) and ±139,360 (5-mile), with 0.70% annual growth projected through 2030 in both rings

• Approximately $438,400,000 worth of residential development showing in the pipeline in the residential development pipeline, amounting to ±1,286 new units

• Knoxville ranks #1 in the nation for in-migration in 2026, with a 1.61 move-in/move-out ratio

• Knox County GDP has grown 5.3% annually since 2021 (vs. 3.6% nationally)

Photos

Location

Agents

Broker of Record

Hutt Cooke

License # 356505, 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203